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Do You Want to Know If EXBANK Is Legitimate or a Scam Broker?
EXBANK sounds like it is a bank that isn’t in operation anymore–as in Ex-Bank. It may well be an ex-broker by the time you read this review. As it stands now, EXBANK claims to offer trading services yet it has no license and has been flagged by the OSC. Its website pretty much confirms our suspicions about this broker. It boasts that it offers decentralized platforms as if that is something new. To a typical crypto scam, this is just a code word for, “The regulators aren’t watching what we are doing.” Well, the OSC certainly has noticed and has warned the public about this broker.
There Are Some Problems with EXBANK
We looked at EXBANK site and there was nothing to inspire confidence. Usually, when a broker has thorough terms and conditions, that’s a sign of transparency. Instead, the terms and conditions contained a lot of unprofessional-looking screaming all-caps. Rather than protecting the consumer, about 90% of the terms and conditions were concerned with protecting EXBANK from lawsuits and defending itself against customer complaints. This isn’t a good sign.
The About Us and Media page contained no information about who runs the brokerage. Instead, there was a lengthy article about the history of bitcoin and cryptocurrency. We don’t recommend opening an account with this broker, because it clearly has something to hide.
Red Flags that EXBANK Could Be a Scam Broker
- No license
- Flagged by OSC
- No transparency
- False claims
- Bad reviews
If You Need Fund Recovery from EXBANK,Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with EXBANK close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.